At 30 September 2021 illimity share capital equals to €55,686,623.00. This comprises €52,619,881.24 in subscribed and paid-up share capital, divided into 79,300,100 ordinary shares with no par value, and 1,440,000 special shares, also with no par value.
The Ordinary Shares, listed on the MTA since 5 March 2019 and on the STAR segment since 10 September 2020 and having ISIN code IT0005359192, are freely transferable. The Special Shares are not listed and do not have voting rights.
For information purposes only, significant shareholders holding at least 5% of the share capital with voting rights with percentages calculated by the Bank on the basis of the number of shares resulting from the most recent available information and the number of ordinary shares issued, are listed below:
Gruppo Sella 10.00%
LR Trust - FIDIM 8.12%
LR Trust - FIDIM
FermION Investment Group Limited 7.26%
FermION Investment Group Limited
Tensile - Metis Holdings S.à r.l. 7.01%
Tensile Capital Management LLC subsidiary
AMC Metis S.à r.l. 6.56%
Atlas Merchant Capital Fund LP subsidiary
Given the significant size of the market in which the Bank operates and the relative growth opportunities, a flexible dividend policy is envisaged to maximise the creation of shareholder value, with a pay-out ratio of between 20% and 30% determined over the term of the illimity Group’s 2021-25 Strategic Plan, this to be calculated at the time on the basis of the actual availability of high capital return investments. The first dividend will be paid out of 2022 net profit with a pay-out ratio of 20%. The dividend policy remains subject to the limits currently set by the Regulator for the period through 30 September 2021.